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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-6.5%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$12.9B
AUM Growth
-$1.46B
Cap. Flow
-$408M
Cap. Flow %
-3.16%
Top 10 Hldgs %
25.01%
Holding
989
New
34
Increased
178
Reduced
623
Closed
31

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$264M
2
UNP icon
Union Pacific
UNP
+$160M
3
PCG icon
PG&E
PCG
+$112M
4
GILD icon
Gilead Sciences
GILD
+$98.8M
5
PYPL icon
PayPal
PYPL
+$90.9M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$204M
2
USB icon
US Bancorp
USB
+$192M
3
EG icon
Everest Group
EG
+$151M
4
AZO icon
AutoZone
AZO
+$135M
5
VZ icon
Verizon
VZ
+$88.5M

Sector Composition

Rank Sector Weight
1 Financials 19.02%
2 Healthcare 14.57%
3 Technology 12.45%
4 Industrials 9.73%
5 Consumer Discretionary 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAL icon
201
American Airlines Group
AAL
$10.6B
$9.44M 0.07%
243,000
-25,700
-10% -$1.06M
TROW icon
202
T. Rowe Price
TROW
$24.3B
$9.43M 0.07%
135,693
-9,200
-6% -$682K
TFC icon
203
Truist Financial
TFC
$64B
$9.43M 0.07%
264,841
-18,600
-7% -$718K
OUT icon
204
Outfront Media
OUT
$5.5B
$9.42M 0.07%
459,975
+128,928
+39% +$3.03M
ICE icon
205
Intercontinental Exchange
ICE
$84.4B
$9.39M 0.07%
199,880
-17,000
-8% -$787K
VRTX icon
206
Vertex Pharmaceuticals
VRTX
$126B
$9.2M 0.07%
88,300
-6,200
-7% -$797K
C.WS.A
207
DELISTED
Citigroup Inc
C.WS.A
$9.16M 0.07%
19,500,000
– –
WMB icon
208
Williams Companies
WMB
$86.1B
$9.07M 0.07%
246,142
-15,300
-6% -$762K
LUV icon
209
Southwest Airlines
LUV
$23B
$9.06M 0.07%
238,276
-20,900
-8% -$771K
YHOO
210
DELISTED
Yahoo Inc
YHOO
$9.04M 0.07%
312,855
-25,600
-8% -$888K
ORLY icon
211
O'Reilly Automotive
ORLY
$76.3B
$8.99M 0.07%
539,505
-48,000
-8% -$775K
MPC icon
212
Marathon Petroleum
MPC
$83.7B
$8.97M 0.07%
193,686
-17,000
-8% -$875K
AON icon
213
Aon
AON
$76B
$8.97M 0.07%
101,219
-8,000
-7% -$774K
APD icon
214
Air Products & Chemicals
APD
$67.6B
$8.9M 0.07%
75,456
-5,621
-7% -$715K
INTU icon
215
Intuit
INTU
$89B
$8.88M 0.07%
100,068
-6,800
-6% -$660K
TEL icon
216
TE Connectivity
TEL
$62.6B
$8.71M 0.07%
145,396
-12,300
-8% -$748K
ADM icon
217
Archer Daniels Midland
ADM
$36.9B
$8.7M 0.07%
209,925
-34,800
-14% -$1.59M
WELL icon
218
Welltower
WELL
$171B
$8.61M 0.07%
127,077
-9,100
-7% -$608K
PPG icon
219
PPG Industries
PPG
$26.6B
$8.58M 0.07%
97,864
-7,600
-7% -$773K
ALL icon
220
Allstate
ALL
$67.5B
$8.43M 0.07%
144,773
-13,900
-9% -$869K
AVB icon
221
AvalonBay Communities
AVB
$26.8B
$8.39M 0.06%
48,019
-3,200
-6% -$542K
VFC icon
222
VF Corp
VFC
$5.89B
$8.38M 0.06%
130,558
-9,452
-7% -$648K
DE icon
223
Deere & Co
DE
$168B
$8.37M 0.06%
113,062
-16,400
-13% -$1.44M
BBWI icon
224
Bath & Body Works
BBWI
$4.1B
$8.34M 0.06%
114,521
-3,093
-3% -$214K
NSC icon
225
Norfolk Southern
NSC
$75.1B
$8.31M 0.06%
108,805
-9,400
-8% -$764K
7 8
9
10 11

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q3 2015 Portfolio in Review

As of Q3 2015, State of Michigan Retirement System held 989 positions worth $12.9B, down 10% from $14.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System withdrew a net $408M in Q3 2015, closing 31 positions and reducing 623 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $204M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.

Against the trend, State of Michigan Retirement System opened a new position in PayPal worth $78.8M.

  • State of Michigan Retirement System's largest Q3 2015 buy was PayPal: 2,537,386 shares worth $78.8M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q3 2015, an estimated $264M increase.
  • State of Michigan Retirement System's biggest Q3 2015 reduction was US Bancorp, cutting an estimated $192M.
  • State of Michigan Retirement System fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $204M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.9B portfolio in Q3 2015.
  • State of Michigan Retirement System opened 34 new positions and closed 31 in Q3 2015.
  • State of Michigan Retirement System's portfolio value fell 10% quarter-over-quarter to $12.9B.

Based on State of Michigan Retirement System's 13F filing for Q3 2015, filed 30 Oct 2015.